- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
19.—(1) A payment under a construction contract is not a contract payment if—
(a)the conditions prescribed in paragraph (2) in relation to the person making the payment are satisfied, and
(b)the conditions prescribed in paragraph (3) in relation to the payment are satisfied.
(2) The conditions prescribed in relation to the person making the payment are that—
(a)the person is one to whom section 59(1)(a) of the Act, and
(b)the person has been approved by the Commissioners for Her Majesty’s Revenue and Customs for the purposes of this regulation.
(3) The conditions prescribed in relation to the payment are that the payment—
(a)is made to a body or person in respect of construction operations carried out by that body or person in relation to—
(i)property owned by that body or person, or
(ii)agricultural property of which that body or person is a tenant, and
(b)is not one made under a construction contract in respect of which the total payments so made (excluding the direct cost of materials) exceed or are likely to exceed £1000.
(4) For the purposes of paragraph (3)(a)(ii) “agricultural property” means—
(a)agricultural land or pasture,
(b)woodland or any building used in connection with the intensive rearing of livestock or fish if the woodland or building is occupied with agricultural land or pasture and the occupation is ancillary to that of the agricultural land or pasture,
(c)cottages, farm buildings and farm houses, together with the land occupied with them, as are of a character appropriate to the property, and
(d)land and buildings used for breeding and rearing horses on a stud farm and grazing of horses in connection with those activities.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: